India, Jan. 30 -- ArcBest Corp. (ARCB), an integrated logistics company, on Friday reported net loss in the fourth quarter compared with the previous year.
For the fourth quarter, net loss from continuing operations came in at $8.12 million compared with income of $29.04 million in the previous year.
Loss per share was $0.36 versus earnings per share of $1.24 last year.
Adjusted net income decreased to $8.24 million from $31.20 million in the prior year.
Adjusted earnings per share were $0.36 versus $1.33 last year.
On average, thirteen analysts had expected the company to report $0.42 per share. Analysts' estimates typically exclude special items.
Adjusted EBITDA declined to $51.52 million from $74 million in the prior year.
Operati...